THE WIKI COMMUNITY

Thursday 7 October 2010

Ichimoku Forex Trading Analysis For The Week Of October 3

By Anthony Nunes

On this forex trading video presentation, professional trader and esteemed writer, Manesh Patel discusses the forex market for the week ahead using current market conditions to demonstrate some of the basics of the Ichimoku Kinko Hyo support and resistance system. Following the same strategies that are taught to his forex traders, Manesh uses informative and recent educational chart examples to discuss how an Ichimoku trader would enter and exit their trades.



Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that powerfully illustrates support and resistance levels in a simplified manner and is looked upon as an extra feature of the widely recognized candlestick charting system. In fact, this system was invented on the idea that at "one glance" you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Day Trading Forex with Ichimoku is a revolutionary approach to trading that will change the way you look at and trade the Forex Market as well as other markets (Stocks, Futures and Commodities). This special forex education video will instruct the 5 primary indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because this system is the total package. Below are the indicators:

Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)

In using these five indicators, a trader can view what has occurred in the past, what is currently occurring, and what may occur in the future for the instrument that is being analyzed.

Your video presenter, Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has published what is already being posted as a bestselling book on Ichimoku, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his interest has always been trading. A interest, that became his new career in 1996 and he now trades for a living full time. Manesh not only instructs the art of forex trading but also actively trades all trading instruments except for bonds.

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